Starting off with traditional offshore investments can be a great stepping stone to expand your earning potential and perhaps fund those passion purchases
Exclusivity, legacy, heritage and wealth — these are just some of the hallmarks that make up the world of luxury investments.
This distinctly niche market made up mostly of high-net-worth and ultra-high-net-worth individuals were not only able to ride the wave of economic unpredictability, but are now gliding into more wealth and expanded streams of income through their luxury investments.Gone are the days when one reached a certain level of wealth, and automatically invested in traditional assets such as stocks and bonds.
That is where these markets and brands — be they fine wines or whiskeys, fine or contemporary art, Swiss watches, or high-end handbags — combine the idea of taking this world of luxury that appreciates in value into your home and have the added benefit of an increased asset portfolio. At the right time and price, that joy inherent in this market is proving to multiply, while also making financial sense.It is critical to note that there exists a key differentiator in terms of accessing this “new” world of luxury investment. It quintessentially lies in your ability to already be financially liquid enough to not have a major purchase such as a designer bag influence any part of your financial portfolio.
In South Africa, there is still a relatively small segment of the population partaking in the luxury investments space, but it is a trend that seems to show little sign of abating.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Business Leaders Join Principals in Plan to Transform South Africa's Ailing Education SystemAnalysis - The Execs Back to School programme goes beyond physical improvements and providing resources to schools, it seeks to instil a mindset of continuous improvement and growth within the education system.
Read more »
South Africa: Funding Elder Care in South AfricaThe primary concern with current spending at community level is that very few older persons benefit, and then only the very frail, with inconsistent reach across provinces. There is very little support for older persons who have high care needs and are at home, nor for active older persons.
Read more »
Africa: Informal Workers Key to Successful Waste Management in AfricaWith the African continent recycling less than 11 percent of its waste, COP28 provided leaders on the African continent to consider integrated waste systems that include informal waste workers.
Read more »
Africa: Top Scientists Make $3bn Plea to Rich Nations to Help Conserve Africa's LionsAnalysis - Facing the grim reality of potential extinction, Africa's iconic but underexposed wild lion populations are crying out for help -- and for investors with deep, patient pockets.
Read more »
Africa: Why Is U.S. Funding for HIV/Aids Relief in Africa Under Threat?Analysis - Vital U.S. funding from the U.S to support millions of people in Africa living with HIV/AIDS is under threat after false claims the money was being used to fund abortions
Read more »
Africa: Breakthrough Promises Improved Access to TB Treatment Across AfricaAn American drug manufacturer has taken an important step to open the way to improved access to the treatment of multidrug-resistant tuberculosis (MDR-TB) across Africa.
Read more »